Expolanka, HNB Assurance, Janashakthi, Melstacorp in new S&P Sri Lanka 20 Index

Jun 21, 2019 (LBO) – Colombo Stock Exchange (CSE) announces changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 mid-year index rebalance.

Accordingly, Expolanka, HNB Assurance, Janashakthi Insurance, and Melstacorp have been included in the index while CTC, NTB, Richard Pieris and Tokyo Cement have been excluded.

A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index, which is set to take place during the months of June and December each year.

The revision also established the inclusion of non‐voting ordinary shares listed by the respective companies of the S&P SL 20 Index, provided that such shares meet relevant liquidity requirements.

The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 24 June 2019 are presented below in alphabetical order.